The Allstate Co. (NYSE:ALL) Shares Sold by Nilsine Partners LLC

Nilsine Partners LLC lessened its holdings in The Allstate Co. (NYSE:ALL) by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,655 shares of the insurance provider’s stock after selling 102 shares during the quarter. Nilsine Partners LLC’s holdings in Allstate were worth $286,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Allstate during the first quarter worth about $26,000. Northwest Investment Counselors LLC purchased a new position in Allstate during the first quarter valued at approximately $26,000. Private Wealth Management Group LLC purchased a new position in Allstate during the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Allstate during the third quarter valued at approximately $25,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Allstate during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, March 25th. UBS Group upped their price target on Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Keefe, Bruyette & Woods increased their price objective on Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. BMO Capital Markets increased their price objective on Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a report on Friday, January 19th. Finally, TD Cowen assumed coverage on Allstate in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $173.71.

Allstate Stock Performance

Shares of NYSE ALL traded up $0.46 during midday trading on Tuesday, hitting $170.04. 1,124,609 shares of the company’s stock were exchanged, compared to its average volume of 1,668,521. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.37 and a quick ratio of 0.37. The stock’s 50 day moving average price is $165.45 and its 200-day moving average price is $150.37. The firm has a market cap of $44.73 billion, a P/E ratio of -137.13, a PEG ratio of 0.42 and a beta of 0.52. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $176.93.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $1.95. The company had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.36) earnings per share. Equities research analysts anticipate that The Allstate Co. will post 13.44 EPS for the current year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.92 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.16%. Allstate’s dividend payout ratio is -296.77%.

Insider Transactions at Allstate

In other news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the sale, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the sale, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.